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Rasoya Proteins’ Q3 consolidated net profit tumbles 81%

11 Feb 2015 Evaluate

Rasoya Proteins has reported results for third quarter ended December 31, 2014.

The company has registered a fall of 76.34% in its net profit at Rs 2.96 crore for the quarter under review as compared to Rs 12.51 crore for the same quarter in the previous year. Total income of the company decreased by 69.59% at Rs 139.19 crore for Q3FY15 as compared Rs 462.28 crore for the corresponding quarter previous year.

On the consolidated basis the company’s net profit after taxes, minority interest and share of profit / (loss) of associates declined 81.29% to Rs 3.41 crore for the Q3 FY15, as compared to Rs 18.23 crore in Q3 FY14. Moreover, the total income decreased 73.57% to Rs 178.03 crore in the quarter under review as compared to Rs 673.56 crore in the corresponding quarter previous year.

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